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GENERAL MEETING

THE SUWARY SPÓŁKA AKCYJNA MANAGEMENT BOARD NOTICE OF CONVENING AN ORDINARY GENERAL MEETING OF SHAREHOLDERS TO BE HELD AT 1 PM, ON MARCH 8, 2017 IN PABIANICE, PIOTRA SKARGI 45/47

15.02.2017

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Current Report 32/2011 Concluding an agreement by the Company for funding under the Action 4.3 Technology Credit, Priority Axis 4 Investments in Innovative Ventures of the Operational Programme Innovation Economy 2007 – 2013

The Management Board of Suwary S.A. in Pabianice (the Company”) notifies about receiving the information that on July 27th 2011 Kartpol Group Sp z o.o. , which in 80% is a subsidiary of Suwary S.A., concluded an agreement with BGK for funding under the Action 4.3 Technology Credit, Priority Axis 4 Investment in Innovative Ventures of the Operational Programme Innovation Economy 2007 – 2013. The subject of the agreement is granting by BGK a credit to Kartpol Group Sp z o.o. for funding the project: “The implementation of a new technology for the production of cartridges with the use of an innovatory mould design and innovative solutions for the injection process in Kartpol Group Sp z o.o.” The essence of the new technology is making use of the advantages of the machines and injection moulds in order to increase the production process efficiency. Implementing the new technology will let Kartpol increase production flexibility and have a short lead time for cartridge deliveries. The total cost of the project implementation amounts to PLN 3 296 500.00. The funds guaranteed by Kartpol Sp z o.o. which are the Suwary S.A subsidiary’s own contribution in the technology investment constitute at least 25% of the total investment project costs. Following the agreement concluded, Kartpol Group Sp z o.o. will receive funds at the max. amount of PLN 1 648 250.00, which is 50% of the total amount of expenditures eligible for support, i.e. PLN 3 296 500.00 . The amount of PLN 2 472 375.00 is an amount at which Kartpol Group Sp z o.o. took the technology credit from BRE Bank S.A. The total terms and conditions of the agreement for funding under the Action 4.3 Technology Credit, Priority Axis 4 Investment in Innovative Ventures of the Operational Programme Innovation Economy 2007 – 2013 are not different from the adopted market standards. The above mentioned agreement is not a significant one as understood in § 5 section 1 point 3 of the Minister’s of Finance regulation dated February 19th 2009 on the current and periodic information.

2011-08-02

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